Quote from @Alberick Small: I was thinking of purchasing Lee Arnold's Reverse REO Program, I have read all the horror stories and the many that may have been duped over the years.

Here's the details:ARV- $210- $220KRent: about $1,900/month3 beds/ 2 bathsNeeds: New roof, New HVAC, New fence, Minot touch ups inside like paint and cabinet touch ups.Rehab- About $40kI offered $140K and he countered with $190K.

Would recommend.I will be using the firm for my 2022 tax return (1040 and 3 LLC's), expensive (about $5k-6k) but given they've assisted with the tax planning I'm hopeful the synergy will provide the best outcome.Happy to answer any add'l questions.Pat 

I do not personally use him based soley on the fact that the firm is virtual.

I do the same tropes of things in the Tampa Florida market.  

People like trying different cities now and like to test if they like it.So many reasons people will probably do more of this in the future.

Before making any decision, I would get a customized property evaluation by a local Realtor to determine the value of the property on both sides of the spectrum; sale OR rental. 

Love the insight @AJ Wong.

I than thought it was tenants, all the "what if's"; what-if they have a fire, what-if there is a shooting, dead body, drug raid, break-in, squatters, feces art, etc etc etc.....   

This one came from Massachusetts, a state where the eviction laws are not in the landlord's favor.